https://www.taxtmi.com/caselaws?id=244198 The Tribunal was justified in exercising its power under Section 254(2) of the Income-tax Act to recall its previous order and rehear the appeal regarding the claim for depreciation. The Tribunal allowed 100% depreciation on assets not exclusively used for wind energy generators but also for other engineering products. The Assessing Officer's decision to restrict depreciation to 25% for assets not exclusively used was upheld, while 100% depreciation was granted for the generator sets. The case was dismissed with directions for reworking the depreciation relief. en-us Mon, 03 Feb 2014 00:00:00 +0530 Fri, 06 Jun 2014 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244198 The Tribunal was justified in exercising its power under Section 254(2) of the Income-tax Act to recall its previous order and rehear the appeal regarding the claim for depreciation. The Tribunal allowed 100% depreciation on assets not exclusively used for wind energy generators but also for other engineering products. The Assessing Officer's decision to restrict depreciation to 25% for assets not exclusively used was upheld, while 100% depreciation was granted for the generator sets. The case was dismissed with directions for reworking the depreciation relief. Case-Laws Income Tax Mon, 03 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244198